Best Mukul Agrawal Portfolio Stocks: Every world has its celebrity, who set the benchmark in their field. They are considered the best in what they do and every other being wants to resonate their personality & get as close as possible. These celebrities to some are the definition of Perfection.
Just like movies have celebrity Actors and actresses, the world of Finance also has certain celebrities. These may be a few persistent investors who started small & have now amassed a lot of wealth, which resulted from holding just a few stocks as they turned out to be multi-baggers. Today, we will look at one such celebrity, also known as Ace Investor. His name is Mukul Agrawal.
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Who is Mukul Agrawal?
This Ace Investor started his career in the late 1990s. Mukul Agrawal currently serves as the director of Param Capital Research Pvt. Ltd, Permanent Technologies Pvt. Ltd, and Mahavir Prasad Nevatia Education Institution.
He is known in the market as an aggressive but well-informed investor. He picks up stakes in fundamentally strong penny stocks & microcaps and holds them for long periods. As of September 30th, 2023 Mukul Agrawal’s portfolio had about 53 stocks with a Net Worth of about Rs. 4,500+ Cr.
Best Mukul Agrawal Portfolio Stocks
Now let us take a look at some of the best stocks held by this Ace Investor. We will get to know about these Companies in a bit more detail, and see how much stake Mukul Agrawal owns in these Companies. Stick around till the end to discover the entire list of Mukul Agrawal’s portfolio.
Best Mukul Agrawal Portfolio Stocks #1 – BSE Ltd
Bombay Stock Exchange, better known as India’s first stock exchange was founded in the year 1875. The Exchange was previously known as The Native Share & Stock Brokers Association, founded by a Cotton Trader Premchand Roychand.
BSE also happens to be the world’s fastest exchange with a speed of 6-micro seconds. The Exchange has 5433 Companies listed aggregating to a Market Capitalization of US$ 3.14 Trillion as of March 31st, 2023.
The Company operates in 4 specific segments:
- Trading & Clearing: The core business of BSE is providing Trading Services in Equity, Debt, Derivatives, Interest Rate Futures & Spot Markets.
- Distribution: The Exchange is also a distributor of Mutual Funds. It also provides book-building services for IPOs and sells Bonds as well as Insurance.
- Service to Corporates: BSE enables new Companies to list their shares on the open market and trade. It also allows the listing of Bonds, Debt Securities, and Commercial Papers.
- Other Services: The exchange also provides real-time data feed to its beneficiaries, Index Services, Software, and other Training Services.
BSE earns ~46% of its revenue from allowing securities to trade on its exchange. From the Service to Corporate segments, it earns another 30%. The 3rd largest revenue contributor this year was BSE’s investment which earned it 11.46% and grew by 12.06% from last year.
An interesting fact to note is that the Exchange earned 4.07% by providing its Data Services to other Companies. This segment saw a spectacular growth of 74.45% in a single year.
BSE made a revenue of Rs. 954 Cr in FY23, which increased by 10.47% from Rs. 864 Cr in FY22. Despite a decent growth in revenue, its Net Profits fell by 16%, from Rs. 245 Cr in FY22 to Rs. 206 Cr in FY22.
The drop in revenue comes as a result of a 26% increase in Administrative expenses, which contained a sudden increase in the Core Settlement guarantee fund. That expense increased by over 89% in a year.
Mukul Agrawal owns 20 Lakh shares of BSE which was worth about Rs. 465 Cr as of September 2023. He owns about 1.5% of BSE, making it his largest investment based on Market Value.
| Particulars | Amount | Particulars | Amount |
|---|---|---|---|
| CMP | ₹2,569.55 | Market Cap (Cr.) | ₹33,505 |
| EPS | ₹16.06 | Stock P/E | 94.10 |
| RoE | 8.65% | RoCE | 13.20% |
| Promoter Holding (%) | 0.00% | FII Holding (%) | 7.90% |
| Debt to Equity | 0 | Price to Book Value | 10.5 |
| Operating Profit Margin (%) | 45.00% | Net Profit Margin (%) | 25.00% |
Best Mukul Agrawal Portfolio Stocks #2 – Karur Vysya Bank
Karur Vysya Bank is a small bank established way back in 1916 in Karur, Tamil Nadu. It was founded by Sri M.A. Venkataramana Chettiar and Sri Athi Krishna Chettiar to support farmers and traders affected by the First World War.
The Bank started with a seed capital of just Rs. One Lakh. It has survived & thrived building a strong legacy of over 107 Years. Today the bank serves over 79 Lakh+ customers via 799 Branches located across the country.
Karur Vysya operates out of four major loan segments:
- Consumer Banking Department (CBD): This division deals with loans to retail consumers. They offer Housing Loans, Personal Loans, Current Accounts, and Savings Bank Accounts.
- Commercial Banking: This division deals with MSME Loans, Mortgages, and Commercial Real Estate loans. It provides gold loans & other Transaction Banking Services.
- Agricultural Loans: Being a predominant agricultural lender, the Bank offers a variety of loans ranging from Crop Loans, Dairy Loans, Fishery, Poultry loans, and a lot more.
- Corporate & Institutional Group: This segment specializes in funding the Company’s working capital, and term loans, and providing other Liquidity Management Solutions.
The Bank earned a Net Interest Income of Rs. 3349 Cr in FY23, which increased by 23% from Rs. 2716 Cr in FY22. During this period, Net Profit jumped from Rs. 673 Cr in FY22 to Rs. 1106 Cr in FY23, increasing by 64%.
As per September 2023 filings, Mukul Agrawal owns 85 Lakh shares of the Bank aggregating to a 1.1% stake in the Bank.
| Particulars | Amount | Particulars | Amount |
|---|---|---|---|
| CMP | ₹153.00 | Market Cap (Cr.) | ₹12,269.00 |
| EPS | ₹13.81 | Stock P/E | 8.99 |
| RoE (%) | 13.13% | RoA (%) | 1.27% |
| Promoter Holding (%) | 2.24% | FII Holding (%) | 38.18% |
| GNPA (%) | 2.3% | Price to Book Value | 1.41 |
| Net Interest Margins (%) | 4.18% | Net Profit Margins (%) | 17% |
Best Mukul Agrawal Portfolio Stocks #3 – Raymond Ltd
A small textile mill in Thane, Maharashtra way back in 1925, that’s where the story of Raymond began. Initially called Raymond Woollen Mill, the Company was started by Jacob Raymond.
Post incorporation the Company was promoted by AJ Raymond & the Sassoon Family, a Baghdadi Jewish family. The reigns of the business were then passed on to the Singhania Family who acquired the brand in 1944.
Lala Kailashpat Singhania took over the business and since then, the Company as well as the brand have remained synonymous with the Singhania Family. Raymond Ltd is currently headed by Mr. Gautam Singhania who took over the Company in 2000.
Raymond is a diversified group with the majority of its business interests in the Textile and apparel sectors. Along with textiles, it also has a presence across varying segments such as Consumer Care, Realty, and Engineering in national and international markets.
Raymond Ltd reported FY23’s revenues worth Rs. 8,337 Cr which grew by 31.33% from Rs. 6,348 Cr in FY22. Net Profit figures grew aggressively from Rs. 265 Cr in FY22 to Rs. 537 Cr in FY23, recording a ~103% growth in a year.
Mukul Agrawal owns 10 Lakh shares, which aggregates to about a 1.5% stake in Raymond Ltd. He offloaded a 0.2% stake between June – September 2023.
| Particulars | Amount | Particulars | Amount |
|---|---|---|---|
| CMP | ₹1,542.00 | Market Cap (Cr.) | ₹10,265.00 |
| EPS | ₹79.45 | Stock P/E | 6.22 |
| RoE | 22.9% | RoCE | 21.4% |
| Promoter Holding (%) | 49.10% | FII Holding (%) | 17.70% |
| Debt to Equity | 0.82 | Price to Book Value | 2.41 |
| Operating Profit Margin (%) | 13.90% | Net Profit Margin (%) | 7.44% |
Best Mukul Agrawal Portfolio Stocks #4 – Ion Exchange (India)
Ion Exchange is a premier Water & Environment Management Company. The Company was born out of a Spin-off (demerger) of Permutit Water Company of UK. Ion Exchange became a wholly Indian Company in 1985 due to the spin-off.
The Company gets its name from the Ion Exchange Resins, one that it was a prime producer of. Under Permutit Water Company, Ion Exchange pioneered the production of these resins way back in 1965.
Ion Exchange provides Wastewater Treatment, Solid Waste Management, and solutions to convert waste to energy. In 1978, the Company (Still under its Parent) was the first to introduce the Reverse Osmosis Concept to India.
Its business can be divided into three specific segments:
- Engineering: This segment takes up Engineering contracts from various industries, especially in the Oil and refining, Steel, Infrastructure, and Chemicals sectors. The Company reportedly has a healthy backlog of 2-3 Years in the segment.
- Chemicals: In this segment, the Company sells Ion Exchange resins that find applications in water treatment, chemical processing, pharmaceuticals, and the food and beverage industry.
- Consumer Products: Under this segment, the Company sells home water solutions such as water softeners, sand filters, and low-cost water purifiers in rural areas.
Ion Exchange reported a revenue of Rs. 2030 in FY23, which increased by 25.46% from Rs. 1619 Cr in FY22. Net Profits grew at a slightly slower rate of 20.58%, increasing from Rs. 162 Cr in FY22 to Rs. 195 Cr in FY23.
Mukul Agrawal owns about 18 Lakh shares of the Company aggregating to a 1.2% stake in the Company. The Ace investor has reported offloaded 0.5% in the Company.
| Particulars | Amount | Particulars | Amount |
|---|---|---|---|
| CMP | ₹586.00 | Market Cap (Cr.) | ₹8,589.00 |
| EPS | ₹165.95 | Stock P/E | 42 |
| RoE | 26.20% | RoCE | 33.80% |
| Promoter Holding (%) | 26.80% | FII Holding (%) | 3.94% |
| Debt to Equity | 0.11 | Price to Book Value | 9.59 |
| Operating Profit Margin (%) | 12.80% | Net Profit Margin (%) | 9.81% |
Best Mukul Agrawal Portfolio Stocks #5 – CEAT Ltd
Ceat Ltd, a brand that is synonymous with IPL for the famous CEAT Strategic Time-out campaign. The brand Ceat International began its journey in Turino, Italy in 1924 as a Cable manufacturer for telephones and railways.
The Company came to India in 1958 setting up its Headquarters in Mumbai. It was then acquired by the RPG Group in 1982. Under the leadership of RP Goenka group, the brand has thrived creating a dealer network of 4500+ and a CEAT Exclusive network of 400+ dealers.
The brand has also created an international presence in 110+ countries building long-term partnerships with 27+ key partners. Ceat has 6 manufacturing plants across Maharashtra, Gujarat & Tamil Nadu. It has also set up R&D centers in Halol, Gujarat & Frankfurt, Germany.
The Company earns 30% of its revenue from the Trucks & Buses segment, and 26% from 2 & 3-wheelers. Passenger cars alone contribute to 20% of their revenue, followed by the Off-Highway market which brings in 16% of the revenue.
Ceat Ltd reported a revenue of Rs. 11,332 Cr which increased by 20.88% from Rs. 9375 Cr in FY22. During the same period, the Company grew its Net Profits by 158%, from Rs. 71 Cr in FY22 to Rs. 182 Cr in FY23.
Mukul Agrawal has held 5 Lakh shares in the Company for a year now, making him own 1.2% of the Company.
| Particulars | Amount | Particulars | Amount |
|---|---|---|---|
| CMP | ₹2,100.00 | Market Cap (Cr.) | ₹8,494.00 |
| EPS | ₹46.03 | Stock P/E (TTM) | 16.2 |
| RoE | 6.14% | RoCE | 9.38% |
| Promoter Holding (%) | 47.20% | FII Holding (%) | 24.10% |
| Debt to Equity | 0.55 | Price to Book Value | 2.28 |
| Operating Profit Margin (%) | 12.50% | Net Profit Margin (%) | 1.82% |
List of Stocks Owned by Mukul Agrawal
The list below puts together the list of all Stock owned by Mukul Agrawal
| Company Name | Holding Value (Cr.) | Qty Held | Holding % |
|---|---|---|---|
| BSE Ltd. | ₹ 465.20 | 20,00,000 | 1.50% |
| PDS Ltd. | ₹ 220.31 | 35,80,000 | 2.70% |
| Neuland Laboratories Ltd. | ₹ 208.53 | 4,00,000 | 3.10% |
| Radico Khaitan Ltd. | ₹ 207.21 | 14,00,083 | 1.10% |
| Intellect Design Arena Ltd. | ₹ 162.38 | 23,00,000 | 1.70% |
| Raymond Ltd. | ₹ 159.04 | 10,00,000 | 1.50% |
| Capacit'e Infraprojects Ltd. | ₹ 152.73 | 58,88,000 | 8.00% |
| Dishman Carbogen Amcis Ltd. | ₹ 136.74 | 82,00,000 | 5.20% |
| MPS Ltd. | ₹ 135.72 | 7,62,457 | 4.50% |
| Karur Vysya Bank Ltd. | ₹ 128.69 | 85,00,000 | 1.10% |
| Ethos Ltd. | ₹ 128.39 | 6,40,000 | 2.70% |
| KDDL Ltd. | ₹ 127.36 | 4,23,180 | 3.40% |
| Ceat Ltd. | ₹ 104.50 | 5,00,000 | 1.20% |
| Ion Exchange (India) Ltd. | ₹ 103.68 | 18,00,000 | 1.20% |
| Apollo Pipes Ltd. | ₹ 103.31 | 15,00,000 | 3.80% |
| Sarda Energy & Minerals Ltd. | ₹ 96.67 | 41,76,000 | 1.20% |
| Pearl Global Industries Ltd. | ₹ 96.52 | 7,50,000 | 3.50% |
| Sula Vineyards Ltd. | ₹ 92.22 | 20,00,000 | 2.40% |
| Allcargo Logistics Ltd. | ₹ 87.81 | 33,00,000 | 1.30% |
| Arman Financial Services Ltd. | ₹ 86.59 | 4,00,000 | 4.60% |
| LT Foods Ltd. | ₹ 84.40 | 40,00,000 | 1.20% |
| Zen Technologies Ltd. | ₹ 84.10 | 11,26,765 | 1.30% |
| Thomas Cook (India) Ltd. | ₹ 83.00 | 50,00,060 | 1.10% |
| J Kumar Infraprojects Ltd. | ₹ 82.93 | 20,00,000 | 2.60% |
| TAAL Enterprises Ltd. | ₹ 81.02 | 2,77,931 | 8.90% |
| Zota Healthcare Ltd. | ₹ 72.74 | 17,66,989 | 6.80% |
| Indo Count Industries Ltd. | ₹ 71.28 | 23,25,000 | 1.20% |
| Kingfa Science & Technology (India) Ltd. | ₹ 67.85 | 3,00,000 | 2.50% |
| Dish TV India Ltd. | ₹ 59.70 | 3,00,00,000 | 1.60% |
| Sirca Paints India Ltd. | ₹ 59.32 | 16,26,200 | 3.00% |
| JTEKT India Ltd. | ₹ 54.62 | 39,45,000 | 1.60% |
| Hindware Home Innovation Ltd. | ₹ 51.67 | 10,00,000 | 1.40% |
| InfoBeans Technologies Ltd. | ₹ 51.01 | 12,50,000 | 5.10% |
| Suryoday Small Finance Bank Ltd. | ₹ 47.67 | 30,00,000 | 2.80% |
| Pix Transmissions Ltd. | ₹ 45.64 | 3,50,909 | 2.60% |
| Bhagiradha Chemicals & Industries Ltd. | ₹ 45.54 | 3,00,000 | 2.90% |
| Surya Roshni Ltd. | ₹ 40.70 | 8,00,000 | 1.50% |
| Vidhi Specialty Food Ingredients Ltd. | ₹ 39.74 | 9,00,000 | 1.80% |
| Indian Metals & Ferro Alloys Ltd. | ₹ 39.45 | 7,78,900 | 1.40% |
| Shankara Building Products Ltd. | ₹ 38.82 | 5,50,000 | 2.40% |
| ISMT Ltd. | ₹ 38.21 | 40,01,346 | 1.30% |
| Prakash Industries Ltd. | ₹ 37.43 | 25,00,000 | 1.40% |
| Thejo Engineering Ltd. | ₹ 33.92 | 1,80,000 | 1.70% |
| Raghav Productivity Enhancers Ltd. | ₹ 24.79 | 3,56,148 | 1.60% |
| Vasa Denticity Ltd. | ₹ 24.40 | 4,10,000 | 2.60% |
| Dhabriya Polywood Ltd. | ₹ 20.11 | 5,06,613 | 4.70% |
| Tracxn Technologies Ltd. | ₹ 18.66 | 20,00,000 | 2.00% |
| Jagsonpal Pharmaceuticals Ltd. | ₹ 17.88 | 4,63,023 | 1.80% |
| Allcargo Terminals Ltd. | ₹ 17.06 | 31,00,000 | 1.30% |
| De Nora India Ltd. | ₹ 16.65 | 1,00,027 | 1.90% |
| Gensol Engineering Ltd. | ₹ 15.26 | 2,00,000 | 1.60% |
| Sahyadri Industries Ltd. | ₹ 10.28 | 2,56,725 | 2.40% |
| MITCON Consultancy & Engineering Services Ltd. | ₹ 4.02 | 4,20,591 | 3.10% |
Conclusion
Now we reach the end of the article having learned about the Best Mukul Agrawal Portfolio Stocks. We made sure to pick only the best stocks from his long list of 50+ holdings, we chose to ignore loss-making Companies.
If we go through the entire list of stocks, we notice that he is not afraid to invest in microcaps & small caps even if they are currently making losses. We do believe that he has a strong rationale backing his investments.
However, please be advised that you should not blatantly copy anybody’s portfolio. Ace Investors also end up making investment blunders that might turn from diamonds to dust. Investors must do their thorough research & believe in the Companies they take positions in.
With that said, which one is your favorite stock from our list? Do you have any other Ace Investors whom you follow? Do let us know in the comments below.
Written by Nasir Hussain
By utilising the stock screener, stock heatmap, portfolio backtesting, and stock compare tool on the Trade Brains portal, investors gain access to comprehensive tools that enable them to identify the best stocks, also get updated with stock market news, and make well-informed investment.
